🚨 JUST IN — FED MOVES TO MODERNIZE PAYMENTS

🇺🇸 The Federal Reserve has opened a public comment period on a proposed limited-use “payment account.”

What’s Being Proposed: • Access to Fed payment rails for clearing & settlement only

• No interest paid

• No credit or overdrafts

• Capped balances with strict safeguards

Background: • First floated by Governor Waller in Oct 2025

• 45-day public comment window once published in the Federal Register

Why It Matters: • Streamlines payment infrastructure

• Expands access while limiting risk

• Signals continued evolution of the U.S. payment system

A cautious but meaningful step toward modern payments 🚀

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